The head of the Bank of Korea, Lee Ju-yeol, said that Bitcoin and other major cryptocurrencies lack intrinsic value. However, he believes that all assets will continue to experience significant price fluctuations. Price Surge Because of Pro-BTC Institutional Investors? The chief of the Bank of Korea said cryptocurrencies, including Bitcoin, Read more…
Shares in Grayscale’s $32 billion Bitcoin Trust are trading at a discount to the price of Bitcoin for the first time in over five years. Some analysts are concerned that this could depress the price of Bitcoin. If this trend continues, the worry is that Grayscale might stop buying up Read more…
Miami Mayor Francis Suarez has been making the rounds promoting his city as a global cryptocurrency hub. As it turns out, investors are taking him seriously. IBC Group, a Dubai private equity firm that invests in real estate and tech, has earmarked $4.8 billion in Bitcoin for the Magic City. Read more…
CryptoNinjas » ZelaaPayAE deploys Pundi X’s merchant crypto payment solutions for UAE ZelaaPayAE (ZPAE), a Dubai-based blockchain payment network focused on the Gulf region, has announced the deployment of 100 XPOS Handy (point-of-sale terminals) and 10,000 XPASS cards from partner Pundi X, a cryptocurrency payment platform. “Pundi X has the Read more…
There has been an ongoing trend among traditional banks that are reportedly hunting for ways to offer digital currencies as services for their customers. The insider sources told media outlet The Telegraph UK that banks are asking for as much data as is needed to begin the integration process. Other Read more…
A survey from digital asset exchange Crypto.com estimated a 15.7% increase in the global crypto population, in January alone. Overall, there are 106 million global crypto users as of January 2021. According to researcher Kevin Wang, at Crypto.com, strong growth in Bitcoin adoption happened to be the main driver for Read more…
A Manhattan federal judge has dismissed a securities fraud class action against Bancor after ruling that the plaintiff’s allegations were not enough to give the court jurisdiction. According to a report, the dismissal of the case against represents the first such ruling “in a suite of similar cases filed by Read more…
CryptoNinjas » Tatum helps donation-based betting app Fandona complete its blockchain MVP The team of Tatum, a blockchain app development platform, today informed of its recent success in assisting social betting blockchain platform Fandona to complete their minimum viable product (MVP). Fandona is a social betting blockchain platform and network Read more…
A hundred Bitcoin untouched for over a decade has just moved. If a long-time HODLer sold that Bitcoin today, they’d make $5 million. Not a bad investment, considering that Bitcoin was worth a dollar in 2010. The coins, created in June 2010, moved today at 3:15 pm UTC in two Read more…
Dogecoin has been around since late 2013, starting as a joke initially. The coin has been designed to be a satirical homage to Bitcoin. Besides being a joke and meme coin, Dogecoin wasn’t intended to serve any other purpose. Yet, you can use it to transfer value. 5 Interesting Facts Read more…
San Francisco-based crypto exchange OKCoin announced on Friday that it will suspend trading of Bitcoin Cash (BCH) and Bitcoin SV (BSV)—two forks of Bitcoin (BTC)—starting March 1. Important announcement: we have made the decision to suspend $BSV and $BCH trading, effective March 1, 2021. Please take a moment to read Read more…
The rolling fund concept is seen as a way to “democratize” access to venture funding opportunities, where large gains have been realized with many early-stage companies. It provides lower minimums and the ability to add to an original investment on a quarterly basis. Source Author: Leeor Shimron, Contributor
Bitcoin has been doing extremely well for the past nine months. The currency really came to fruition during the initial time of the coronavirus pandemic, and it has been on a serious roll ever since, recently striking a new high of roughly $56,000 per unit. However, despite all the glitz Read more…
PRESS RELEASE. Hathor Network ($HTR, live on KuCoin) has just released exciting news: The detailed 2021 Roadmap. Community projects are a priority and growing, especially with Hathor CEO Yan Martins having recently emphasized the relevance of Asian business development, with strong focus on Southeast Asia, China and Japan. Hathor has Read more…
Nikolas has been a mainstay at OctaFX for more than two years, having originally joined the FX broker back in 2018. Source Author: Aziz Abdel-Qader
The Federal Reserve today reported that its internal services went down, leading Bitcoin supporters to take to Twitter to recite variations of the oft-repeated refrain: “Bitcoin never goes down.” Ironically, however, a number of cryptocurrency exchanges also reported trouble getting money off their platforms due to the Fed outage. According Read more…
To reduce cross-border payment’s pain, the Central Bank of United Arab Emirates (CBUAE) and People’s Bank of China (PBoC) have joined multiple-CBDC’s projects, announced Hong-Kong Monetary Authority (HKMA) and Bank of Thailand (BoT) on 23rd February. The project, Central Bank of Digital Currency (CBDC), has pulled many central banks to Read more…
The former CEO of the London Stock Exchange Group, Xavier Rolet, has advised the UK government to look into cryptocurrencies and SPACs to minimize the adverse impact of Brexit. In a recent report, Rolet claimed that the UK has trailed behind other countries in both aspects. The UK Should Turn Read more…
On Sunday, February 21, the price of bitcoin touched a new all-time high (ATH) at $58,354 and at the time, inflow into exchanges spiked as well. According to data from the onchain analysis firm, Santiment, stats indicate that exchange inflow jumped 11x on Sunday and data also shows one whale Read more…
DigitalBits founder’s latest banking venture plans to add app support for key digital assets i2c Inc., a leading provider of digital payment and banking technology, has announced its partnership with the digital banking platform Zytara. i2c has established a strong footprint within the blockchain industry by collaborating with Crypto.com, NetCents, Read more…
In the past few years, recruiters showed great interest in people with higher education, which led to a greater need for money among potential students. However, due to the economy’s fragility, students began searching for alternative solutions that didn’t depend on banks – and it’s not just students. Entrepreneurs who Read more…
Renowned browser, Opera, has partnered with crypt-fiat solutions offeror, Simplex, to promote the adoption of cryptos via allowing direct in-browser buys. Opera users will henceforth be allowed to buy cryptos directly from the browser after integrating with the Israeli-based crypto-fiat processor Simplex. The partnership will also allow Opera users to Read more…
Meltem Demirors – chief strategy officer at digital asset investment firm Coin Shares – stated in a recent interview that all those who are quickly investing in bitcoin are late to the crypto party. Meltem Demirors: You Needed to Invest in BTC Yesterday During a discussion with CNBC, Demirors commented Read more…
U.S. Treasury Secretary Janet Yellen is outlining her concerns about the leading cryptocurrency, Bitcoin. In a New York Times DealBook conference, Yellen questions Bitcoin’s technical prowess, energy consumption and use for illicit activity. “I don’t think that Bitcoin, I have said this before, is widely used as a transaction mechanism. Read more…
The issue impacting payments service administered by the U.S. central bank has been resolved. Source Author: Aziz Abdel-Qader
Despite its incredible start to 2021, Bitcoin has yet to convince several skeptics in the traditional finance space of its potential. Lee Ju-yeol, the Governor of the Bank of Korea, has voiced skepticism over the asset’s long-term price trajectory as he believes a significant pullback is on the horizon. Market Read more…
The Philippines-based crypto exchange, Philippines Digital Asset Exchange, or PDAX, experienced a ‘serious glitch’ causing a huge price discrepancy on Bitcoin (BTC) prices, which dropped to $6,000 on Feb 16. The exchange halted trading and is asking users to return BTC bought during the 88% price collapse. On Tuesday last Read more…
DeFi is a revolutionary concept in which traditional financial products and services can be operated without intermediaries like banks. The emergence of Uniswap created alternatives for traders to access liquidity, and since then there’s been an explosion of decentralized exchanges and quite a lot of decentralized perpetual swap protocols have Read more…
Coinbase, the largest crypto exchange in the US, has said it’s no longer a San Francisco-based company. “While we will continue to provide offices for employees who prefer to work in them, designating one location as our headquarters feels counter to our culture,” wrote CEO Brian Armstrong in a memo. Read more…
Bengaluru,, India, 24th February, 2021, // ChainWire // In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork. Speaking on latest development Defi wizard founder and Read more…